Replies to post #63504 on Auto Parts 4Less Group Inc (FLES)

[chokum]

Dude - I hope so.

I'll be sticking around to see the 2019 10-K.

It's been a rough year bro. I'll just sit on the shares I have in the mean time and pump out satire meme's in the mean time.

$FLES

[justbecause516]

They are losing money,the filings tell the story.They sell way more discounted paper that turns into shares then auto parts.

[work-n-hard]

Correction: They are loosing their ass. A lot of info about their revenue, but little gets said about how much they are loosing, trying to make it.
Losses have been growing: Page 12

The Company has incurred cumulative losses through October 31, 2019 of $20,243,817 and has a working capital deficit at October 31, 2019 of $6,367,904. As of October 31, 2019, the Company only had cash and cash equivalents of $128,028 and had short-term debt in default.

Page 15:

During the nine months ended October 31, 2019 the Company entered into new convertible notes totaling $967,074 with one year maturities, interest rates ranging from 8%-15%, the Company received $787,250 in cash proceeds, recorded original issue discounts of $62,675 and loan and interest of $117,149 was transferred from existing notes of the same lender.

Page 21:

We had revenue of $1,890,461 for the three months ended October 31, 2019, compared to $2,046,256 for the three months ended October 31, 2018. We had total cost of revenues of $1,542,836 for the three months ended October 31, 2019, compared to cost of revenues of $1,537,140 for the three months ended October 31, 2018. For the three months ended October 31, 2019 and 2018 gross profit was $347,625 and $509,116,

We had a net loss of $994,960 for the three months ended October 31, 2019, compared to a net loss of $284,504 for the three months ended October 31, 2018 explained in the reasons given above.

Page 22:

We had a net loss of $2,554,510 for the nine months ended October 31, 2019, compared to a net loss of $522,507 for the nine months ended October 31, 2018 explained in the reasons given above.

https://www.otcmarkets.com/filing/html?id=13801288&guid=uL1jUHm-zx8h0th

[DeadMoneyWon]

That's not going to get the stock to $10 - $20 a share